US Michigan Current Conditions Prel (May) 47.8 (Prev. 52.5)
The preliminary Michigan Current Conditions reading for May at 47.8 marks a significant decline from the previous 52.5, indicating a notable drop in consumer sentiment.
ECB President Lagarde says climbing energy costs will push up input prices, may then be passed to consumer
Sir Christopher Hohn’s hedge fund TCI has cut its stake in Microsoft (MSFT), reducing it from 10% to around 1% of its portfolio, FT reports
US Michigan Current Conditions Prel (May) 47.8 (Prev. 52.5)
AWS (AMZN) says affected customers in US-East-1 region may see errors for resume and restart workflows and failover operations and availability issues
US EQUITY OPEN: Tech leads stocks higher as NVDA hits a new ATH as Iran response awaits
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This deterioration may signal weakening economic expectations, which could influence policymakers' outlook on growth and inflation going forward. Traders should consider the implications for the USD and risk assets as sentiment shifts and potential monetary policy adjustments come into play.
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